Bally Doesn`t Plan To Extend Debt Exchange

July 10, 1990

Bally Manufacturing Corp. said it doesn`t intend to extend its exchange offer for its 13 5/8 percent subordinated debentures due Jan. 2, 2001, beyond the current Wednesday deadline. The announcement was made in response to inquiries from holders of the debentures. Each holder of debentures accepting the exchange offer will receive 57 shares of Bally common stock for each $1,000 principal amount of debentures.